Increase Working Family Tax Credit

Where it is in the process

Plain-English Summary

This bill increases the Working Families Tax Credit in New Mexico. It changes the credit amount from 25% to 50% of the federal earned income tax credit for eligible resident taxpayers. This change would apply to tax years starting on or after January 1, 2026, meaning more money could be refunded to qualifying individuals.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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